IREN is trading 4.71% lower at $20.62 in pre-market, with cryptocurrency weakness adding a sector-related headwind.
- Bitcoin was down 2.06% and Ethereum 5.17% since the prior close; major U.S. indices were higher.
- November 5 results showed AI Cloud revenue nearly tripled, while the target for more than $4 billion in annualized revenue was pushed into early 2027. Available reporting does not establish the update as the cause of this pre-market move.